Global Optoelectronics Industry to Grow to $932 Billion by 2015
Global Industry Analysts (GIA) say the performance requirements for medical and automotive products, flat-panel displays and mobile data have created the increase in demands
GIA has released a comprehensive global report on Optoelectronics markets. The global market for Optoelectronics is projected to reach US$932 billion by the year 2015.
The market is being driven by the expanding applications of optoelectronics in several areas, including consumer products, medical, and automotive. Others factors driving the market include foray of flat-panel displays into new market segments, shrinking size of personal computers, explosive growth of mobile data, and increasing use of optoelectronic devices in automobiles.
As an ingenious and resourceful combination of optics and electronics, optoelectronics spans a wide array of applications that include lasers, light-emitting diodes (LEDs), light detectors, communication transport systems, laptop computers, compact disk storage drives, digital cameras, optical fibers, cables optical disk players, among others.
The pivotal role played by optoelectronics in the IT industry can be expounded by the fact that optoelectronic components such as lasers, optical discs, image sensors and optical fibres, constitute a vital part of modern telecommunications, the Internet and CD/DVD/Blue-Ray drives on computers, without which reading data can be a virtual impossibility. Many of these products are based on III-V products such as GaAs and InP.
Japan leads the global optoelectronics market, as stated by the new market research report on Optoelectronics. The US, Asia-Pacific, and Europe are the other leading markets, with Asia-Pacific being the fastest growing optoelectronics market globally. With respect to optical equipment and systems market, optical disk equipment and optical input-output equipment represent the two major segments.
Medical lasers represent the fastest growing segment within the global optical equipment and systems market. The global market for optical components is projected to exhibit a lucrative growth in future, driven primarily by growth in display devices and optical fiber market segments.
Select major players profiled in the report include Abbott Medical Optics, Agilent, Alcatel-Lucent, Avago, Ciena, Coherent, Corning, Fairchild Semiconductor International, Huawei Technologies, II-VI, JDS Uniphase, Keyence, Lite-On Technology, NEC, Oclaro, Optokon, OSRAM Opto Semiconductors, Rohm, Sharp, Tellabs, Texas Instruments, Toshiba America Electronic Components and Vishay Intertechnology.
The report titled "Optoelectronics: A Global Strategic Business Report", provides a strategic review of the optoelectronics industry, key trends, growth drivers, key segments in the optical equipment and systems, key segments in the optical components market, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for Optoelectronics for the years 2007 through 2015, and 2001 to 2006.
More details about this market research report are available via the following link http://www.strategyr.com/Optoelectronics_Market_Report.asp